This paper reviews the literature on price determination in the private and public real estate
markets. In particular, it discusses the processes of appraisal smoothing in the private …

The literature on appraisal smoothing and valuer behaviour contains frequent references to
the “political pressures” faced by valuers. However, the vast majority of these are either …

We show remote work led to large drops in lease revenues, occupancy, lease renewal rates,
and market rents in the commercial office sector. We revalue New York City office buildings …

The managers of a growing wall of money are continuously searching for investment
opportunities. The financialization literature describes how this mobile capital puts pressure …

Purpose The article analyzes the effects of the coronavirus disease 2019 (COVID-19)
pandemic on commercial real estate prices, with a particular focus on European markets …

This new text provides a rigorous analysis of real estate markets. Three main sections cover:
microeconomics of property markets the macroeconomics of commercial property the …

Two sets of modelling tools are used to evaluate the precision of housing-price forecasts:
machine learning and hedonic regression. Evidences on the prediction capacity of a range …

The monthly return distributions of many hedge fund indices exhibit highly unusual
skewness and kurtosis properties as well as first-order serial correlation. This has important …

Discover an insightful examination of the property investment appraisal process from
leaders in the industry This book explains the process of property investment appraisal: the …

The purpose of this paper is to shed light on the history of commercial property values over
the past decade, and to compare different methods of constructing commercial property …